Three Carnival Lines Plan to Resume Alaska Cruises in July

Carnival Corp. said it is planning to resume Alaska sailings in July, in what would be among the first sailings out of the U.S. since the onset of the Covid-19 pandemic. 


 
Car Makers Won't Get Special Treatment in Chip Crunch

Commerce Secretary Gina Raimondo said she is looking for ways to help auto makers amid a global semiconductor shortage but won't prioritize them over other chip users, as the industry presses the Biden administration for assistance. 


 
European Rival to Robinhood, Trade Republic, Raises $900 Million

Berlin-based Trade Republic said the Series C funding round was led by U.S. venture-capital firm Sequoia Capital and valued it at more than $5 billion. 


 
Purdue Pharma Warns Summer Bankruptcy Trial Could Be Delayed

Purdue Pharma said a summer trial over its multibillion-dollar bankruptcy exit plan could be delayed if the OxyContin maker is unable to resolve open challenges to its proposal. 


 
Kansas City Southern Expected to Terminate Canadian Pacific Deal

The rail operator is expected to favor a competing deal from Canadian National Railway, according to people familiar with the matter. 


 
Freightliner's Road Is Clearer Without Mercedes-Benz

European spinoffs have historically made investors money, particularly before their completion. There is no reason to think Daimler Trucks will be different. 


 
Food Distributor Sysco Looks to Slim Down Debt

Unveiling its first-ever leverage target, the company said it has paid down $2.3 billion in the past year and will pay down more to free cash for new investment. 


 
Oatly Shares Jump in Market Debut

The Swedish oat-milk maker's stock climbed 19% on its first day of trading on the Nasdaq. 


 
Google to Open Its First Permanent Retail Store in New York City

The store near the company's Manhattan offices is designed to showcase Pixel phones, Fibit wearables and other items, in a bet on bricks-and-mortar retail as the pandemic eases. 


 
Ford and SK Innovation to Form Venture to Build Electric-Car Batteries in U.S.

The deal is the latest in the auto industry's efforts to fortify supplies of batteries ahead of the rollout of more plug-in models.

(END) Dow Jones Newswires

05-20-21 2115ET